Prior to this, Saigal was the Chief Business Officer at Funtoot, an edu-tech startup. He has also served as the Director and Head of Platform solutions for SAP in the Indian subcontinent. He is an alumnus of Indian School of Business (ISB) and Indian Institute of Technology (IIT), Delhi.

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Usha appoints Jayati Singh as VP-Mktg for Cooking Appliances * Consumer durables firm Usha International has appointed Jayati Singh as its Vice President-Marketing for Cooking Appliances and Sewing Machines.

"At Usha, Jayati Singh will manage end to end marketing, product roadmap and portfolio development for the two categories. Her appointment will strengthen the marketing team in Usha and we are confident that she will infuse new energy into the system," Usha International said in a statement.

"Jayati brings with her over 16 years of industry experience across FMCG (fast moving consumer goods) and FMCD (fast moving consumer durables) sectors with expertise in customer business development, market strategy and new category launches," it added.

Singh has worked with Procter and Gamble and Philips India.

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Terrorist activities decline due to demonetisation: Economist * Demonetisation has led to a decline in terrorist and Naxal activities in the country, JagdishShittigar, former member of Economic Advisory Council to Prime Minister, has said.

"Since national securityis an important concern, demonetisation wouldhelp in improving the security scenario in the country as is reflected 50 days after demonetisation," Shittigar said while speaking at the annual conference of Indian Economics Associationheld at Deen Dayal Upadhyaya Veterinary University in Mathura recently.

* IT firm Intellect Design Arena today posted a consolidated net loss of Rs 15.56 crore in the October-December quarter compared to a net loss of Rs 11.91 crore in the year-ago period.

Its income from software product licence and related services, however, grew 17 per cent to Rs 226.4 crore, from Rs 193.7 crore registered during the year-ago period, it said in a statement.

In dollar terms, the company's revenue stood at USD 33.57 million as against USD 29.39 million in the same period last year, representing 14 per cent rise year-on-year.

The company said its Audit Committee Chairman and Independent Director Ashok Jhunjhunwala is likely to take up certain assignments with Government of India in the near future and has consequently, resigned from the board with immediate effect.

In the said quarter, Europe accounted for 40 per cent of Intellect's revenues, IMEA 36 per cent, APAC 11 per cent and the Americas 13 per cent.

Its consolidated revenues, however, grew 17 per cent to Rs 612.6 crore, from Rs 522 crore during the year-ago period, Sonata said in a statement.

"Revenues continued to grow driven by growth in existing clients and acquisitions of new clients. It is a reflection of our strategy forward on key vertical offerings and digital platformation strategy based on IP and differentiated services," Sonata MD and CEO Srikar Reddy said.